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What does less cash received mean on a banking deposit slip?
The amount out of the check that you are receiving in cash.
What you mean by cash?
Cash profit means profit after tax plus depreciation.
What do you mean by cash profit?
Cash profit means profit after tax plus depreciation.
What does expressly reserved rights against surety means in the context of debtor creditor surety relationship.?
It means, the person that has debt that may want to claim bankruptcy or another method, has rights to do so regardless of the situation. However, the surety also has right to collect the debt too.
What does cross footing a cash receipt journal mean?
Cross-footing a cash receipts journal means
What is the difference between the judge giving a surety bond or cash surety?
A surety bond can be supplied by a bailbondsman who only puts up a percentage of the amount of money needed, but is liable for the whole amount if the defendant absconds. Cash surety is the ENTIRE amount of the bond must be posted, not just a percentage of it, as in the previous example.
What is a non-surety Bond?
A non-surety bond is a guarantee by the signer for the amount of the bond. There is no cash or property required as collateral. In the court system, a non-surety bond can also guarantee a "promise to appear".
What is the difference between a bond and a security?
A bond in this context is issued by a surety company and is a form of guarantee. Security can take the form of a cash deposit, an Irrevocable Letter of Credit or a surety bond.
What does th XC stand for on a 5500XC bond?
XC is a designation of a split bond used by the Marion County Indiana Superior Courts. The XC designation means the bond is composed of a cash bond and a surety bond. The cash bond component may be posted by anyone in the entire cash bond amount ordered by the court. The surety bond is posted by a commercial bail bondsman. The bail bondsman charges 10% of the surety bond amount set by the court. All or a portion of the cash bond deposit can be refunded by the court. By law, the amount paid to the bail bondsman may not be refunded. In this instance of a $5500 XC bond, the cash bond is $500 dollars and the surety bond is $5000. The total paid to post the bond would be $1000: $500 cash and $500 dollars to a commercial bail bondsman.
What are some violations of a cash surety bond?
I have a friend that posted a cash bond for her son who was then released from jail, but was picked up a week later for failing a routine drug test. Can she loose the cash paid to get him released?
What is a surety agent?
A surety agent is a licensed insurance agent that has experience and represents surety companies. The surety agent is able to solict and place surety bond requests.
How to become a surety agents?
You need to have an insurance license to transact surety. Then, you would need to establish experience in the field of surety either by working for a surety company or surety agency.
What does SB mean in regards to bail bonds?
SB aka SURETY BOND
What is an XC Bond?
A XC bond is a type of split bond employed by the Marion County Indiana Superior Courts. The XC bond is a hybrid composed of two distinct bail bond types: surety and cash. The surety portion of the XC bond is posted by a bail bondsman. The bondsman charges 10% of the amount of the surety bond set by the court. The cash bond portion of the XC bond may be posted by anyone in tandem with the surety bond portion. The cash bond is the entire amount as set by the court. Both portions of the XC bond must be posted together at the same time and location. Even if the defendant attends all court appearances, The Marion County Superior courts may retain all or a part of the cash bond for costs and/or fees related to the case. Any remaining part of the cash bond deposit is then refunded. The premium paid to the bail bondsman, by law, may not refunded.
What are surety benefits?
If you are asking what are the benefits built into a surety bond then the answer is the surety bond guarantees a specific performance or amount up to the penalty amount of the bond. If you are asking what the benefits of surety are then surety provides the recipient of the surety bond a level of assurance that the person or business entity providing the bond is qualified to perform the required act. This is accomplished by the surety's investigation of the Principal and evidenced by their agreement to issue the surety bond that encumbers the surety to the amount of the bond's penalty.
What does a surety bond mean?
A surety bond is an agreement to pay another party is a second party doesn't meet an obligation. So say if Bob says I will cut Ron's yard, as a surety if Bob didn't cut Ron's yard, you would pay Ron.
What does surety bond mean?
A surety bond is an agreement to pay another party is a second party doesn't meet an obligation. So say if Bob says I will cut Ron's yard, as a surety if Bob didn't cut Ron's yard, you would pay Ron.
